Global renewable energy developer, service provider and wholesaler, BayWa r.e has acquired Toronto-based software house PowerHub. The new addition to the BayWa r.e. group offers a leading cloud-based asset intelligence software solution and will continue to operate largely independently. The acquisition extends BayWa r.e.'s scope of digital technology services in the field of renewable energy operations and further expands its globally successful services business.
PowerHub's state-of-the-art software is today providing asset intelligence to clients in 20 countries around the world. Backed by BayWa r.e., PowerHub will continue its growth path in global markets under its existing management, team, and brand as a largely independent business.
The acquisition will accelerate innovation in the asset management software space with the objective to drive efficiency, transparency, and value for asset owners and managers.
BayWa r.e. manages over 7 GW of renewable assets around the world. Well-established and continuing to grow in Europe, the company is now enjoying growth and expansion in the Americas and Asia Pacific.
BayWa r.e delivers renewable energy solutions worldwide, and have brought over 2.5 GW of energy online, while managing over 7 GW of assets. BayWa r.e is a leading supplier to the solar wholesale market.
PowerHub was founded in 2011 to help asset managers centralize and streamline project and portfolio information so that they could work smarter.
PowerHub has now grown to a team of 45 experts helping clients manage over 15 GW of projects in 20 countries. PowerHub is devoted to making digital tools the norm in renewable energy. PowerHub unlocks efficiencies, capabilities, and insights for better business growth.